November 2018 Singapore Portfolio Performance Report. Overall = +39.94%, YTD -15.85%, Q4 -9.64%

How was November like for Singapore market?
Singapore market was more optimistic in November as compared to October. US mid term election ended expectedly with Democrats taking over the House, US Federal Reserves turned dovish and Trump and Xi called for a 90 days truce in trade war, all these uplifted investors' mood  and sent STI up by 3.27% for the month.




How was the portfolio performance in September?

PS: From October 2018 onward I will be reverting to using absolute return instead of time weighted return. Reason being time weighted return only captures the invested component. It does not capture the cash component which is a big part of the portfolio in times of market decline. Another reason is to be consistent with the calculation of the US portfolio returns.

Despite a positive month for STI, my SG portfolio fell slightly by 1.62%. Q4 and YTD returns are still in the red but overall return is still great as compared to ES3. And my US portfolio still managed to stay in the green for the year. Hence, diversification is important in this sense. The portfolio was still highly in cash for a large part of the month as there were not many worthy uptrending stocks to buy. But the system is slowly loading up stocks towards the end of the month.

Q4 return: -9.64%.

YTD return: -15.85% (ES3 YTD: -5.39%)

Total return since inception (since June 2016): +39.94%.

What's going to happen in December?
Though November ended on a positive note, so far the market does not look that great moving into December. Despite Trump and Xi's decision for a 90 days truce on the coming tariff implementation, the flattening of yield curve coupled with the potential rake hikes coming in mid December is putting the market under pressure. My hopes for a Santa rally is slowly diminishing...

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